Metropolitan Montessori School
- Assets
- $29.9m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 73
- Location
- New York, NY
- Founding
- 08/1967
- Data as of
- 06/2021
- EIN
- 13-2527041
Organization Overview
Metropolitan Montessori School is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Metropolitan Montessori School employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Montessori School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Metropolitan Montessori School generated $8.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $9.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING EDUCATION AND LEARNING DEVELOPMENT TO CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL'S PROGRAMS INCLUDE: (A) THE STEPPING STONES PROGRAM, A BEGINNING MONTESSORI PROGRAM FOR CHILDREN WHO ARE TWO YEARS AND EIGHT MONTHS TO THREE YEARS OLD; (B) THE PRIMARY PROGRAM DESIGNED FOR CHILDREN BETWEEN THE AGES OF THREE YEARS OLD TO SIX YEARS OLD; (C) THE LOWER ELEMENTARY PROGRAM DESIGNED FOR CHILDREN BETWEEN THE AGES OF SIX AND NINE YEARS OLD AND; (D) THE UPPER ELEMENTARY PROGRAM WHICH INCLUDSES GRADES FOUR TO FIVE; (E) THE MIDDLE SCHOOL PROGRAM WHICH IS THE EQUIVALENT OF GRADES SIX TO EIGHT. IN ADDITION, THE SCHOOL PROVIDES SPECIALTY CLASSES IN FOREIGN LANGUAGES, MUSIC, VISUAL ARTS, AND IN PHYSICAL EDUCATION, LIBRARY AND COMPUTER SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Racheal Adriko Head Of School | Officer | 40 | $335,000 |
Alexander Asnes Chief Financial Officer | Officer | 40 | $136,722 |
Kimberly Dykes Teacher Through 8/31/2020 | 40 | $123,380 | |
Karina Cruz Head Of Children's House | 40 | $112,454 | |
Marielle C Lopez Director Of Enrollment | 40 | $110,009 | |
Ruth Samuelson Director Of Strategic Communications | 40 | $109,970 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Millstone Construction Associates Construction Service | 6/29/20 | $897,341 |
Cliftonlarsonallen Llp Accounting Services | 6/29/20 | $183,139 |
Millstone Construction Associates Construction Service | 6/29/20 | $897,341 |
Ibsdirect Janitorial Service | 6/29/20 | $132,342 |
Ibsdirect Janitorial Service | 6/29/20 | $132,342 |
Cliftonlarsonallen Llp Accounting Services | 6/29/20 | $183,139 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,215 |
| Related organizations | $0 |
| Government grants | $845,633 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,006 |
| Noncash contributions included in lines 1a–1f | $24,586 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,231,854 |
| Total Program Service Revenue | $6,734,679 |
| Investment income | $32,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,745 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $244 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,129,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,529,120 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $548,993 |
| Compensation of current officers, directors, key employees. | $332,669 |
| Compensation to disqualified persons | $122,225 |
| Other salaries and wages | $3,034,870 |
| Pension plan accruals and contributions | $115,670 |
| Other employee benefits | $513,172 |
| Payroll taxes | $281,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $189,557 |
| Fees for services: Accounting | $38,089 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $171,479 |
| Advertising and promotion | $148,566 |
| Office expenses | $273,545 |
| Information technology | $193,449 |
| Royalties | $0 |
| Occupancy | $57,966 |
| Travel | $1,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $582,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $688,646 |
| Insurance | $86,563 |
| All other expenses | $46,047 |
| Total functional expenses | $9,157,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,585 |
| Savings and temporary cash investments | $1,488,554 |
| Pledges and grants receivable | $159,403 |
| Accounts receivable, net | $92,871 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,879 |
| Net Land, buildings, and equipment | $25,107,586 |
| Investments—publicly traded securities | $1,942,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $845,633 |
| Total assets | $29,899,366 |
| Accounts payable and accrued expenses | $537,635 |
| Grants payable | $0 |
| Deferred revenue | $1,828,599 |
| Tax-exempt bond liabilities | $14,545,282 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,946,961 |
| Total liabilities | $18,858,477 |
| Net assets without donor restrictions | $10,788,779 |
| Net assets with donor restrictions | $252,110 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,899,366 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Metropolitan Montessori School has recieved totaling $28,627.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $12,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,895 |
Kotsen Family Foundation Inc New York, NY PURPOSE: GENERAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $232 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |